The following was extracted from Morningstar: Visa Earnings: Growth Holds Steady Brett Horn Apr 24, 2024 Visa’s fiscal second quarter essentially showed the company holding steady. Following the company's ups and downs during the pandemic and the subsequent recovery, we think Visa has now settled into a more … [Read more...]
Automatic Data Processing Inc Morningstar report
The following was extracted from Morningstar report: ADP Earnings: Strong New Business Demand Continues Amid Decelerating Employment Growth Emma Williams Feb 1, 2024 We maintain our $240 fair value estimate for wide-moat ADP following a robust second-quarter result, which tracks our full-year top line and profitability expectations. … [Read more...]
Lam Research Corporation Morningstar report
The following was extracted from Morningstar: Lam Research Earnings: We Modestly Lift Our Memory Equipment Forecast and Valuation William Kerwin Apr 25, 2024 We modestly raise our fair value estimate for shares of wide-moat Lam Research to $680 per share from $660, due to a higher forecast for Lam’s sales of equipment into … [Read more...]
ASML Holding NV Morningstar report
The following was extracted from Morningstar: ASML’s Weak Bookings Don’t Obscure Its Long-Term Potential; Raising Fair Value to EUR 790 Javier Correonero Apr 17, 2024 ASML's weak new bookings of EUR 3.6 billion this quarter have left investors wondering where the firm's 2025 sales, estimated between EUR 30 and 40 … [Read more...]
Intuitive Surgical, Inc. Morningstar report
The following was extracted from Morningstar: Intuitive Earnings: Results in Line; Placements of New Platform Commence Alex Morozov Apr 19, 2024 Intuitive's first quarter was ahead of our full-year expectations for procedure growth, but we're maintaining our fair value estimate as other drivers were largely in line with our model. We're … [Read more...]
Microsoft Corporation Morningstar report
The following was extracted from Morningstar: Microsoft Is Well Positioned for Key Secular Drivers, Including AI and Public Cloud Dan Romanoff Apr 18, 2024 Business Strategy and Outlook Microsoft is one of two public cloud providers that can deliver a wide variety of PaaS/IaaS solutions at scale. Based on its … [Read more...]
Costco Wholesale Corporation Morningstar report
The following was extracted from Morningstar: Low Prices and Compelling Product Assortment Should Yield Further Traffic Gains for Costco Noah Rohr Mar 26, 2024 Business Strategy and Outlook Despite operating amid a cutthroat retail industry where competitive advantages are difficult to manifest and … [Read more...]
Netflix Inc Morningstar report
The following was extracted from Morningstar: Netflix Earnings: Fantastic Period Dampened by Likelihood of Growth Deceleration Matthew Dolgin Apr 19, 2024 Netflix reported another quarter of incredible subscriber additions and revenue and profit growth. However, full-year sales guidance portends a deceleration in the … [Read more...]
Taiwan Semiconductor Manufacturing Co Ltd Morningstar report
The following are extracted from Morningstar: TSMC Earnings: Raising Valuation by 6% After Upbeat Guidance and Lower 2024 Capital Expenditure Phelix Lee Jan 19, 2024 We lifted our fair value estimate for Taiwan Semiconductor Manufacturing to TWD 950 per share (USD 151 per ADR at current exchange rates) after management … [Read more...]
Paychex, Inc. Morningstar report
The following are from Morningstar: Paychex Earnings: Operating Efficiency Shines Through Amid Moderating Employment and Wage Growth Emma Williams, Apr 2, 2024 Wide-moat Paychex reported reasonable third-quarter fiscal 2024 results despite headwinds from an earlier-than-expected winding down of the pandemic-era high-margin employee retention … [Read more...]